Business tycoon Ramon S. Ang will give P22 million in incentives to Olympic medalists

There is no doubt that the 2020 Tokyo Olympic Games was historic for the Philippines thanks to Hidilyn Diaz, Nesthy Petecio, Carlo Paalam and Eumir Marcial who won four medals combined, including the Olympic gold (in women’s weightlifting).

In addition to the established law that guaranteed that the Olympic medalists will receive millions of pesos worth of incentives from the national government, San Miguel Corporation (SMC) president Ramon S. Ang will give over P20 million more in incentives to them according to a recent report by the Philippine News Agency (PNA).

To put things in perspective, posted below is an excerpt from the PNA article. Some parts in boldface…

San Miguel Corporation (SMC) president Ramon S. Ang will give Tokyo Olympics medalists, led by the country’s very first gold medal winner Hidilyn Diaz, a total of PHP22 million in incentives for accomplishing the Philippines’ best Olympic performance to date, in 97 years of competing in the foremost international competition.

Ang’s “personal gift” or incentive to the winning athletes, as earlier announced by the Philippine Olympic Committee (POC) prior to the Summer Games, will consist of PHP10 million for weightlifter Diaz, PHP5 million each for boxers Carlo Paalam and Nesthy Petecio for winning silver medals, and PHP2 million for boxer Eumir Marcial’s bronze finish.

“As a longtime partner and supporter of Philippine sports, I’m so happy for our athletes. All their hard work paid off. They’ve opened the eyes of so many Filipinos sports patrons, fans, and aspiring athletes that indeed, we Filipinos can compete and win against the best in the world in the Olympics. This is just the beginning. We have the momentum. We can only get stronger in the succeeding Olympics,” Ang said in a news release on Monday.

“I’m especially grateful to Hidilyn, whom we’ve supported for several years now, for giving honor to the country by winning our very first Olympic gold medal. We can build on these successes to develop stronger sports programs and produce more Olympic winners like Hidilyn, Carlo, Nesthy, and Eumir,” he added.

Ang also said the Olympic athletes, as well as their coaches and teams, gave the Philippines more than just medals.

“The message of this Olympic campaign for us Filipinos is clear. We are resilient in the face of challenges and we do not back down from adversity. This pandemic is perhaps one of the greatest challenges in our lifetime. Thank you Hidilyn, Carlo, Nesthy, and Eumir for giving us hope and inspiration during this critical time. You showed us that nothing is impossible,” Ang said.

Ang added that as the Olympics showcased the outstanding athletic feats that fully-trained athletes are capable of, it also serves as a reminder that people are not limited, and that Filipinos should endeavor to keep fit and healthy in the face of Covid-19 pandemic.

“Aside from following health protocols to stop the transmission of the virus and getting vaccinated, we should also do our best to make sure we are mentally and physically fit and healthy during this crisis. I believe that will help us a lot in coping with the stresses of this time,” Ang said.

Before the pandemic, SMC consistently supported the country’s participation and hosting of international competitions, including the staging of 2019 Southeast Asian Games.

Wow! The deep generosity of Ramon S. Ang is undeniable and he is absolutely right that great achievers who competed in very tough competitions should be rewarded handsomely. While Republic Act Number 10699 (RA10699) guarantees that the national government will release incentives for national athletes who won medals in specific competitions, private sector-provided incentives are undeniably helpful and very welcome. Thank our Heavenly Father for all the success achieved and the blessings that manifested! Thank the Lord also for the tremendous Olympic success the Philippines achieved!

Let me end this piece by asking you readers: Are you very happy for everything that our nation’s four Olympic medalists achieved for the Filipino people at the Tokyo Olympics? Are you delighted to learn that the Olympic medalists as well as all the other Philippine Team members who did not win medals at the Tokyo Olympics will be rewarded accordingly?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.


Thank you for reading. If you find this article engaging, please click the like button below and also please consider sharing this article to others. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me as well. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me at

One thought on “Business tycoon Ramon S. Ang will give P22 million in incentives to Olympic medalists

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s